Top 10 News Items 10/19-10/23: Apple Continues It's Dominance; Wells Fargo, Morgan Stanley Beat the Street; Microsoft Surges 5% on Upside Surprise - Street Insider

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Top 10 News Items 10/19-10/23: Apple Continues It's Dominance; Wells Fargo, Morgan Stanley Beat the Street; Microsoft Surges 5% on Upside Surprise
Oct 23, 2009 08:41 PM UTC

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Via StreetInsider.com News Articles:

Here is a recap of the top news items from this week on Wall Street:

1. Apple (Nasdaq: AAPL) shares jumped almost 5% on Tuesday and another 3% on Wednesday following, as expected, very strong earnings reported on Monday night. Q3 non-GAAP EPS came in at $1.82, walloping the Street's $1.42 estimate, while quarterly sales came in at $9.87 billion. Guidance was expectantly conservative, as always.

2. In the financial sector, traders saw earnings from Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE: MS), US Bancorp (NYSE: USB) and American Express (NYSE: AXP). Sentiment in the sector was mixed:

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